Best Blockchain Development Consultancy in 2021 by APAC Insider

Payscript creates a payment gateway for the future

A better way to shop online, Payscript is a cryptoprocessor that transfers funds from the customer’s wallet to the vendor’s wallet—instantly.

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The Challenge

It is estimated that Australians spent over $32 billion on online retail in 2020. That’s a lot of money changing hands.

And with this spend comes the fees. Traditional payment gateways such as PayPal and Stripe are expensive; they charge you an interchange fee, merchant bank fees, and a dollar amount for every transaction you make. This all adds up, leaving both the customer and the vendor with much less than they expected once the transaction is finalised. 

PayScript was built to offer a more efficient payment solution.

  • High fees

    Vendors and customers lose out with high fees that only serve to line the pockets of the payment platforms they’re using.

  • No platform for crypto

    There was no one trustworthy platform that enabled users to send and receive payments in their desired cryptocurrency.

  • Bring crypto to the masses

    At the time, cryptocurrency was still a niche field. PayScript wanted to create a platform that made it easy for all users to adopt and start transacting in cryptocurrencies.

The Challenge

We worked closely with PayScript to transform their ambitious vision into a fully-functional product

We began by analysing the current payment gateway market, identifying the inefficiencies inherent in the field, and pinpointing exactly what was missing for users. 

Following this in-depth research, we built a wireframe and a prototype, taking it through a series of thorough reviews and user tests.

The Solution

PayScript wanted to deliver a cryptoprocessor that was able to overcome every common customer challenge. 

PayScript leverages the low-cost, fast transactions that are possible using a decentralised system, reducing online payment times. Operating on blockchain-based technology, the payment gateway accepts cryptocurrency and can convert it into regular currency.

By trading in cryptocurrency instead of traditional currencies, it delivers a faster, more secure, and user-friendly way to buy and sell goods or services online—or in person.

What Payscript achieves

A faster payment process

The decentralised system records payment transactions under one network, cutting out the third parties with direct peer-to-peer payments.

A safer ecosystem

Blockchain technology delivers a more secure, transparent system that vastly improves the security of user and payment data. 

A better way to pay

Users can accept cryptocurrency payments anywhere, whether it’s through their website or using a smartphone app, and auto-conversions eliminate any currency conversion fees.

Interested in blockchain for your business?

The internet is an ever-growing platform that encompasses every part of our daily life. Blockchain is playing a huge role in transforming it.

Ralph Kalsi

Founder and CEO, Blockchain Australia ™